Canadian Tire (TSE:CTC.A) Upgraded by BMO Capital Markets to Outperform Rating

BMO Capital Markets upgraded shares of Canadian Tire (TSE:CTC.A) from a market perform rating to an outperform rating in a research report sent to investors on Thursday morning,BayStreet.CA reports. They currently have C$170.00 target price on the stock.

CTC.A has been the subject of several other reports. Royal Bank of Canada lifted their price target on Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. Canaccord Genuity Group lifted their target price on Canadian Tire from C$157.00 to C$160.00 and gave the company a “hold” rating in a report on Monday, February 10th. CIBC lowered their price target on shares of Canadian Tire from C$165.00 to C$156.00 in a report on Friday, February 14th. Finally, TD Securities reduced their price objective on shares of Canadian Tire from C$182.00 to C$176.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$149.40.

Canadian Tire Trading Down 0.1 %

Shares of Canadian Tire stock opened at C$144.92 on Thursday. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The stock has a market capitalization of C$7.56 billion, a P/E ratio of 21.16, a P/E/G ratio of 0.35 and a beta of 1.33. Canadian Tire has a 52-week low of C$126.25 and a 52-week high of C$169.27. The stock’s 50-day simple moving average is C$156.31 and its 200 day simple moving average is C$154.97.

Insider Activity at Canadian Tire

In other Canadian Tire news, Director Steve Frazier purchased 350 shares of Canadian Tire stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of C$152.56 per share, for a total transaction of C$53,397.68. 1.90% of the stock is owned by insiders.

About Canadian Tire

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. The company operates through three segments: Retail, CT REIT, and Financial Services. The Retail segment retails general merchandise, apparel, footwear, sporting equipment, gasoline, sporting goods and active wear, and workwear under the Canadian Tire, SportChek, Sports Experts, National Sports, Pro Hockey Life, Atmosphere, Mark's, PartSource, Gas+, and Helly Hansen banners.